. Britain and Norway hiked rates by 25 bps each, the Swiss National Bank jacked up rates by 50 bps. Norway and Switzerland signalled more increases ahead.
The SNB pushed on, saying the takeover "put a halt to the crisis". The European Central Bank hiked rates by 50 bps a week ago.
Three people President Biden needs to fire immediately. Powell just put himself at the top of the list. Ahead of DeJoy and Wray.
The Fed is screwed. Soon, however, they will be able to point the blame at Iran
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Analysis: Investors cautious on U.S. stocks, even though Fed hikes may soon endThe end of the Federal Reserve's bruising rate hiking cycle may be in sight, yet investors are finding plenty to worry about when it comes to the U.S. stock market. Powell never said rate hikes may soon end. Go read the transcript and change your headline to be more accurate.
Source: Reuters - 🏆 2. / 97 Read more »
Fed recap: All the market-moving comments from Fed Chair Powell after rate hikeThe Federal Reserve announced a 25 basis point rate hike on Wednesday. The increase was widely anticipated by the market. Bull case for your bearish report: He also said banking fallout and credit tightening could have the same effect as rate hikes potentially leading to cuts. Everything continues to be hinged on inflation. 5% inflation means less excitement around the topic😊 Absolute dumpster fire of an administration. This would be comical if it wasn’t ruining people’s lives. BidenIsAFailure
Source: CNBC - 🏆 12. / 72 Read more »